Shawbrook Bank has reduced the rates paid on selected savings accounts by up to 0.25%, but despite this, its 95 and 120-day notice accounts have maintained their places in the Moneyfacts charts thanks to their still-competitive rates.
95 Day Notice Personal Savings Issue 20 now pays a competitive rate of 1.65% yearly while its 120-day counterpart (Issue 31) pays an attractive yearly rate of 1.75%, allowing both to remain on the charts.
The finer details…
Both of these accounts can be opened online and by post and then operated in the same way as well as by phone. An initial investment of at least £1,000 is required.
Further additions are permitted while the issues remain open and an unlimited number of withdrawals can be made without penalty. However, early access is not possible, so the relevant notice period must be observed.
Why we like them…
These accounts may have had their rates decreased, but they still stand proud among their peers and hold onto a top 10 place in their respective sectors. Savers are therefore likely to continue to show interest in these accounts, provided they are happy to provide notice for their withdrawals.
Moneyfacts rating: Excellent
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